Connecticut western news., 1887-04-06
THE ST. 10 BOOM.

City of eo; oOo That VIII N.mser 10o,.
 sMost remarkable statements arc heard in every hotel lobby and on every railroad train about St Joseph, Mo. ;" writes press correspondent. "A large amount of Kansas City, Chicago and St. Louis capital is being. invested in St Joseph real estate, and hear that number of large enterprises employing thousands of men and with capital that tops millions, have completed arrangements for moving, bag and baggage, to this new center of emigration. Imet St. Joseph man on a Wabash train to-day. He tells mo that the immediate cause of the great boom is the ex- tension of the Chicago, Rock Island & Pacific Railroad. This great system is making St. Joseph it's Missouri River depot for its freight and stock traffic between Chicago and the Southwestern ranges, and has given the city a prominence railroad center equaled only by Chicago. The extension of the Rock Island has induced the Chicago, Milwaukee & St. Paul to extend tho diagonal south
 ward to St. Joseph, and the Santa Fe to come up direct from Topeka and Atchison, in order to secure a short cut to Chicago said to be sixty miles shorter than by any other way. The Rulo bridge will be completed by the first of August, and that will send the Burlington & Missouri trains from Denver straight through St. Joseph, eastward via the Hannibal. These and other favorable circum- stances have combined tQ bring about a boom which, as I said in the outset, has be
 come the absorbing topic of conversation in every prominent hotel lobby half way across the continent. hear of men who have made fortune in one day on an investment of $1 ,000. People are buying lots in hollows and on top of bluffs, and half the sales are made from the map without an inspection of the ground whereon they are located. The city has about 60O00 inhabitants. and not the least remarkable fact is that she is quoted in the last United States census as next to Portland, the richest town of her size in the country, controlling the whole sale trade of Kansas, Nebraska, Colorado and New Mexico Her shipping facilities, coupled with her large wholesale trade, has made her perhaps the best manufacturing and pork packing point in the Vest The new Stock Yards, the most complete west of Chicago. shortly @ Combine hotsi, SeN Stock 1 E E1l ehnss change and ith several ,sa ,, large packing capitalists are erecting new SS00,000 hotel, a safe depository, and companies have been organized to build belt line and two cable roads, while the Council has just granted the | right to two of the street-car companies to employ the electric motor. An inspection of l the Boston Posts weekly clearing house re- | ports for the past three months shows the per centage of increase the largest of any city quoted in the report. Under such like circumstances, my informant | thought, the boom rested upon a solid footing. Strangers are coming in by every train, and he predicted that the city would have a population of 100000 in the next twelve months. Large additions to the city are plattcd, but on the market and sold in two days for residences, manufactur- ing and business purposes the real estate deals ranging from s25O, 900 to S700, GOO day
 those of last week footing up S3, ,500, 900.